ROANOKE, VA — During an unusually cold spell in late February, with snow on the ground and snow squalls in the air, the Virginia State Feed Association held its 69th Annual Feed Convention and Cow College. Members of the feed industry, dairy producers, animal nutritionists, and other interested parties attended the three-day event.
For grain producers, the forecast Bunge’s Ed Ebert gave for the coming year was as bleak as the weather outside The Hotel Roanoke.
The prices of corn, soybeans, and wheat, Ebert said, will “remain constrained.” In the U.S., he expects an increase rather than a reduction in acreage planted, have canvassed hundreds of growers at several states around the country at meetings this past winter. Couple that with an increase in projected yields and you get a picture of likely record levels of production, likely leading to an increase of grain stocks, which already are at high levels. [Read more…]